Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. StoneCo Ltd.
  6. News
  7. Summary
    STNE   KYG851581069

STONECO LTD.

(STNE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Stone Raises Funding for Its Credit Solution, Advancing in the Strategic Roadmap of Its Full Financial Platform While Limiting Credit Risk Exposure

01/14/2021 | 07:48am EDT

SÃO PAULO, Brazil, Jan. 14, 2021 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE) (“Stone”), a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels, today announces that it has completed the issuance of R$580 million in FIDC (“Fundo de Investimento em Direitos Creditórios”) quotas, raising R$493 million in third-party capital for its credit solution for SMBs in Brazil.

The new credit FIDC is structured with senior and mezzanine quotas held by institutional investors for a 36-month period, while Stone holds the subordinated quotas. The senior quotas reached R$348 million with a brAAA rating and yield of CDI (basic interest rate) + 4% per year. The mezzanine quotas reached R$145 million with a brBBB rating and yield of CDI + 7% per year. The subordinated quotas held by Stone totaled R$87 million.

Despite the first issuance of a new FIDC product usually having a higher cost than an operation in steady state, Stone decided to increase the offer size from the initial size of R$340 million to R$493 million. Total demand was nearly R$1 billion, which we believe creates a healthy path for future issuances at a lower cost.

This is an important milestone for Stone, which advances on its strategic roadmap to become a full financial platform for SMBs. This type of transaction will enable Stone to scale further its credit solution while limiting the credit risk exposure.

XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A. acted as Lead Bookrunner in the offering, and XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Banco Bradesco BBI S.A., Banco Itaú BBA S.A. and Banco Votorantim S.A. collectively acted as Bookrunners in the offering.

No Offer or Solicitation

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Contact

Investor Relations
investors@stone.co


Primary Logo


© GlobeNewswire 2021
All news about STONECO LTD.
06/17STONECO  : Secures Brazilian Antitrust Regulator's Approval for Unit's Merger Wi..
MT
06/17STONECO  : BRAZILIAN ANTITRUST AUTHORITY (CADE) UNANIMOUSLY APPROVES BUSINESS CO..
PU
06/16Brazilian Antitrust Authority (CADE) Unanimously Approves Business Combinatio..
GL
06/16Brazil antitrust official says Stone-Linx deal should be approved
RE
06/11STONECO  : Raises $500 Million in Inaugural Note Offering
MT
06/11STONECO  : INCORPORATION BY REFERENCE (Form 6-K)
PU
06/11StoneCo Ltd. Announces the Issuance of its Inaugural Bond
GL
06/09STONECO  : Citigroup Adjusts Price Target on StoneCo to $66 From $69, Maintains ..
MT
06/08Berkshire leads $750 million Nubank funding round, values it at $30 billion
RE
06/01STONECO  : INCORPORATION BY REFERENCE (Form 6-K)
PU
More news
Financials
Sales 2021 5 412 M 1 069 M 1 069 M
Net income 2021 1 542 M 305 M 305 M
Net cash 2021 4 092 M 808 M 808 M
P/E ratio 2021 66,3x
Yield 2021 0,03%
Capitalization 103 B 20 517 M 20 371 M
EV / Sales 2021 18,3x
EV / Sales 2022 12,2x
Nbr of Employees 7 239
Free-Float 69,3%
Chart STONECO LTD.
Duration : Period :
StoneCo Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STONECO LTD.
Short TermMid-TermLong Term
TrendsBullishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 453,71 BRL
Last Close Price 333,27 BRL
Spread / Highest target 70,3%
Spread / Average Target 36,1%
Spread / Lowest Target -8,95%
EPS Revisions
Managers and Directors
NameTitle
Thiago dos Santos Piau Chief Executive Officer
Augusto Barbosa Estellita Lins President
Marcelo Bastianello Baldin VP-Finance & Principal Accounting Officer
André Street de Aguiar Chairman
Felipe Salvini Bourrus Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
STONECO LTD.-20.98%20 517
FIDELITY NATIONAL INFORMATION SERVICES, INC.3.12%90 458
ADYEN N.V.-0.13%68 931
WORLDLINE2.71%27 106
FUTU HOLDINGS LIMITED234.95%22 476
BROADRIDGE FINANCIAL SOLUTIONS, INC.4.26%18 548